Tuesday, February 28th 2017

"Where Are My Graphics Cards?" - 3 Million Sold to Cryptocurrency Miners in 2017

The title of this piece is both question and answer, though users that keep up with PC-related news knew the answer already. Jon Peddie Research, in a new report, pegs the number of total graphics cards sold to miners at a pretty respectable 3 million units (worth some $776 million). That's some 3 million gamers that could be enjoying video games on their PCs right now, or which would be able to enjoy them at a much lower price that they had to recently pay to have the privilege.

AMD has been the primary benefactor here - its GPU market share went up by 8.1%, while NVIDIA's dropped by 6% and Intel's by 1.9% (the fact that Intel's graphics processing units come embedded in the company's processors helps keep that number stable). As it is, attachment rates of GPUs to systems was over 100% at 136%, the result of miners buying more cards per system in an effort to maximize profits. Jon Peddie thinks that gaming will still be the key player to drive GPU sales, though "augmented by the demand from cryptocurrency miners." The firm also expects demand for GPUs to slacken, coeteris paribus, due to "increasing utilities costs and supply and demand forces that drive up AIB prices." However, for those looking for prices to drop before upgrading their system, the news aren't rosy: the article states that pricing will not drop in the foreseeable future, so owners of GPUs that can actually mine already are being encouraged to mine while not gaming, so as to try and offset the markups in the current GPU offerings.
Overall GPU shipments in the fourth quarter of 2017 actually decreased 1.5% from the previous quarter, though JPR said that was due to normal seasonal activity. But even with miners' help to drive sales, overall GPU market shipments declined 4.8 percent - the only actual positive trend in that market were the actual discrete desktop GPUs.
Some key highlights JPR calls attention to are as follows:
  • AMD's overall unit shipments increased 8.08% quarter-to-quarter, Intel's total shipments decreased -1.98% from last quarter, and Nvidia's decreased -6.00%.
  • The attach rate of GPUs (includes integrated and discrete GPUs) to PCs for the quarter was 134% which was down -10.06% from last quarter.
  • Discrete GPUs were in 36.88% of PCs, which is down -2.67%.
  • The overall PC market increased 5.93% quarter-to-quarter, and decreased -0.15% year-to-year.
  • Desktop graphics add-in boards (AIBs) that use discrete GPUs decreased -4.62% from last quarter.
  • Q4'17 saw no change in tablet shipments from last quarter.
Sources: JPR, via PC Gamer
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117 Comments on "Where Are My Graphics Cards?" - 3 Million Sold to Cryptocurrency Miners in 2017

#101
efikkan
The last Bitcoins will soon be mined, but we have probably not seen the top of energy consumption for mining (for all cryptocurrencies combined). But the ridiculous part is that all this computation and energy is completely wasted, it's just a method to regulate the generation of new currency. Imagine if this computation was at least spent for something useful, like research.
Posted on Reply
#102
moproblems99
efikkan said:
Imagine if this computation was at least spent for something useful
Imagine if everything everyone did was always useful...
Posted on Reply
#103
trog100
efikkan said:
The last Bitcoins will soon be mined, but we have probably not seen the top of energy consumption for mining (for all cryptocurrencies combined). But the ridiculous part is that all this computation and energy is completely wasted, it's just a method to regulate the generation of new currency. Imagine if this computation was at least spent for something useful, like research.
the last part of your statement is a little ambiguous.. one would have to ask.. research into what.. not all research is benign.. he he

trog
Posted on Reply
#104
trparky
I don't know, maybe something useful like... cancer research. Something that would benefit all of us.
Posted on Reply
#105
moproblems99
trparky said:
I don't know, maybe something useful like... cancer research. Something that would benefit all of us.
So here again, why shouldn't people's gaming time be used to benefit all of us as well?
Posted on Reply
#106
FordGT90Concept
"I go fast!1!11!1!"
Bitcoin is mostly mined/processed on ASIC hardware. These machines were constructed for one purpose and one purpose only: Bitcoin. There is no equivalency between gaming and Bitcoin.
Posted on Reply
#107
moproblems99
Hardware has nothing to do with it. Why should my time be spent bettering the world, but yours not? This is completely independent of any task, activity, or object. Tell me, and this is not directly pointed at you Ford, why should what I do benefit the world and what someone else does only benefit themselves?
Posted on Reply
#108
Casecutter
Entertainment, the arts movies, music, and alas to some degree even gaming is considered as to promote and stimulate our cognitive thinking.

When does cryptocurrency mining help anyone other than "self-aggrandizing greed" people are willing to spout beliefs to assuage what they're doing to exonerate their "greed is good" existence. As any hedge fund that bought a company with the full understanding to raid the pensions, close the plant, and sell any remaining assets.
Posted on Reply
#109
moproblems99
Casecutter said:
When does cryptocurrency mining help anyone other than "self-aggrandizing greed" people are willing to spout beliefs to assuage what they're doing to exonerate their "greed is good" existence. As any hedge fund that bought a company with the full understanding to raid the pensions, close the plant, and sell any remaining assets.
So, what you are saying is that paying my medical bills amounts to greed?
Posted on Reply
#110
Casecutter
moproblems99 said:
So, what you are saying is that paying my medical bills amounts to greed?
So you're saying you're bed ridden and unable to work? It might be relegated to Medical bills... or a yacht, or Lear Jet, none of us probably would never know.
Saying it "can be" might be your "reality", but for most they'll find their own subterfuge in absolving themselves from perturbation.
Posted on Reply
#111
trog100
moproblems99 said:
So, what you are saying is that paying my medical bills amounts to greed?
not just any old greed.. "self-aggrandizing greed" seems to be the accusation.. he he

trog
Posted on Reply
#112
moproblems99
Casecutter said:
So you're saying you're bed ridden and unable to work? It might be relegated to Medical bills... or a yacht, or Lear Jet, none of us probably would never know.
Saying it "can be" might be your "reality", but for most they'll find their own subterfuge in absolving themselves from perturbation.
So, this will be my last post in this thread so it doesn't further derail the thread...again. However, yes I have a job. But when family members have $30k cancer treatments and I have my own bills, it becomes difficult. Before you accuse other members of self-aggrandizing greed, just understand that you don't always know their story.

EDIT: On a better note, they are in remission now for those who wonder or care.
Posted on Reply
#113
Xzibit
FordGT90Concept said:
Congrats, Bitcoin, you've passed up Singapore (5.6 million people) and on your way to Vietnam (94.5 million people) in a year:
https://en.wikipedia.org/wiki/List_of_countries_by_electricity_consumption

I'd say Bitcoin, by itself, already consumes more energy than all of the world's fiat currencies combined.
Probably right.

Ethereum Is Already Using a Small Country’s Worth of Electricity
The entire network could be using slightly more than the country of Cyprus.


moproblems99 said:
So, what you are saying is that paying my medical bills amounts to greed?
Well you could waste a weeks of house hold energy paying it with a cryptocurrency or use your visa.
a Visa transaction requires 0.00651 kWh.
Posted on Reply
#114
trparky
moproblems99 said:
So, this will be my last post in this thread so it doesn't further derail the thread...again. However, yes I have a job. But when family members have $30k cancer treatments and I have my own bills, it becomes difficult. Before you accuse other members of self-aggrandizing greed, just understand that you don't always know their story.
Yeah but if all of this computing power could be harnessed for reasons that benefit all of mankind instead of greed it would make the world a better place for all of us and not just a few. What if all of this computing power were to be put towards cancer research and in doing so that $30k treatment that you talked about no longer costs that much due to better and cheaper forms of treatment through research.

Greed is something that we as humans will need to learn how to leave behind if we are ever going to be able to evolve our societies and make our world a better place not just for the privileged few but for all of us. Eventually greed is going to destroy all of us.
Posted on Reply
#115
rtwjunkie
PC Gaming Enthusiast
Wow. Some of these posts are totally heartless.
Posted on Reply
#117
Casecutter
rtwjunkie said:
Wow. Some of these posts are totally heartless.
I suppose there's always the ingenuous.
I just believe if you are buying equipment (normally on credit) and paying electrical costs, you might be further ahead to using that money toward your bills. Not some arrangement where it could all go "bust" tomorrow, and your on the hook in dumping all that equipment (perhaps still not paid for) for pennies on the dollars.
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